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OXIS Energy and Multi Source Power (MSP) Technologies Have Formed a New Partnership Enabling the Development of Marine Lithium Sulfur Batteries

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OXIS Energy Limited.

Original Press Release

OXIS Energy and Multi Source Power (MSP) Technologies Have Formed a New Partnership Enabling the Development of Marine Lithium Sulfur Batteries

Press release date: August 1, 2014

LONDON – OXIS and MSP will launch the new battery in the spring of 2015. One of MSP's specialities is designing and manufacturing battery packs and hybrid power and propulsion systems for the marine industry. Integrating OXIS's expertise in the development of the next generation of cell technology allows them to develop lithium sulfur rechargeable battery systems for the marine market.

This development will be part of the Ghost Power Brand. It will be a versatile battery system scalable from 20 kWh to 50 kWh upwards and will provide multiple configurable voltage outputs that will not only power electric motor boats, but can also be used to power air conditioning systems, navigation systems etc. The battery will be designed for Lloyd's Register Group approval which will give confidence and assurance to customers whilst at the same time, it will help to lower expensive insurance premiums.

Huw Hampson-Jones, CEO of OXIS said of the new partnership, "I'm delighted to be able to announce this partnership with MSP. MSP has a strong pedigree in electric boat building expertise coupled with in-depth battery experience. It has a quality team working to develop the ideal battery solution for the electric boat market and we are very happy that its quality and safety focused team has chosen OXIS's lithium sulfur technology. The inherent safety of OXIS's cell technology, along with its lightness provides MSP with a strong competitive advantage for Marine battery systems."

Simon Patterson, CEO MSP agrees. He said, "Lithium Sulfur technology is the ideal solution for the marine industry, combining safety and lightweight aspects. The OXIS battery technology provides the highest levels of safety our customers demand. Developing a battery system with Lloyds' approval will be extraordinary, demonstrating not only industry confidence in the product, but also reducing insurance premiums. Furthermore, lithium sulfur cells are already lighter than the lightest lithium-Ion technology and the overall weight reduction provides significant improvement to both the capacity performance and efficiency of the battery technology."

About OXIS Energy Ltd

Since it was founded in 2005, OXIS Energy Ltd. has been at the forefront of developing Lithium Sulfur battery technology. During the first phase the company invested heavily in design and development and is now ready to move into the production of Lithium Sulfur cells for a series of applications. With 19 families of patents, OXIS has been granted 57 patents with another 44 pending.

One of the most important breakthroughs achieved by OXIS relates to safety. One of the problems with Lithium-Ion is its volatility but OXIS now has demonstrable empirical data to demonstrate the safety of its battery technology.

Due to the advanced materials being used, the research being undertaken by OXIS requires significant supplier support. OXIS has setup relationships with world leading companies and universities to ensure that new materials and processes are available during development. OXIS has signed a licence agreement with GP Batteries, a major world-class manufacturer of primary and rechargeable batteries and the largest consumer battery manufacturer in China. Both parties are working together to augment the commercial production of the OXIS technology for use in commercial applications.

MSP Technologies was founded in 2013 by Simon Patterson, an experienced hybrid and electric marine drive train designer.

MSP Technologies Ltd has developed an ultra lightweight 60KW Advanced Hybrid Power system. It is compact, more efficient and less expensive than any other hybrid system on the market. Utilising the Oxis cell technology, the total system weight is below 300kg.

Uniquely digital power electronics can take in energy from up to 8 different renewable or fossil fuel based power sources at any voltage up to 400V. The system can distribute the power at any chosen voltage. With efficiencies of over 97%, the loss of energy is minimal. It also has outstanding reliability. The system can be connected in parallel and can offer power up to 600 kW - either powering AC loads or offering combined power and propulsions systems to a diverse range of vessel.

The company already has commercial and private clients that are specifying it for their vessels.